| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP2110 |
| DP2110 On Intrabrand and Interbrand Competition: The Strategic Role of Fees and Royalties | |
| Nikolaos Vettas; Kamal Saggi | |
| 发表日期 | 1999-03-29 |
| 出版年 | 1999 |
| 语种 | 英语 |
| 摘要 | In this paper we analyse the effects of different decision rules in the ECB on monetary stability. We consider a model where asymmetric shocks and divergent propagation of shocks on output and inflation are potential causes of tensions within the ECB concerning the conduct of monetary (interest rate) policy. Given divergence of desired interest rates (due to the asymmetries) we analyse the effect of different voting procedures within the Governing Council of the ECB. Welfare implications are discussed. |
| 主题 | International Macroeconomics |
| 关键词 | Emu Linear feedback rules Monetary stability |
| URL | https://cepr.org/publications/dp2110 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/531224 |
| 推荐引用方式 GB/T 7714 | Nikolaos Vettas,Kamal Saggi. DP2110 On Intrabrand and Interbrand Competition: The Strategic Role of Fees and Royalties. 1999. |
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